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Former investment banker has been CFO of Verbund
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Zhen Ding Technology Holdings is taking on a syndicated loan to replace a facility raised by its subsidiary Iris World Enterprises earlier this year. -
Michael Sherwood, co-CEO of Goldman Sachs International since 2005 and probably the most senior and highest profile investment banker in London, announced his retirement from the firm on Monday, after 30 years at the bank.
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The repricing trend in the leveraged loan market is continuing, undisturbed by the onset of new money offerings, with many of the latest deals cutting costs and underpinning large dividend recapitalisations.
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Abu Dhabi Commercial Bank increased the size of its first ever Asia focused loan from $300m to $600m in syndication, after pricing the deal generously to build relationships with new lenders.
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Turk Telekom subsidiary Avea has signed a €90m nine year loan backed by Finnish export credit agency Finnvera, after Avea's ultimate parent company Otas failed to make a repayment on a $4.75bn loan in September.
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If the Schuldschein market were to go on a package summer holiday, the Ranger knows who would get all the best seats around the swimming pool.
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